LAS VEGAS (AP) — LAS VEGAS (AP) — Axos Financial (AX) on Wednesday reported fiscal first-quarter net income of $112.3 million.
The Las Vegas-based company said it had profit of $1.93 per share. Earnings, adjusted for costs related to mergers and acquisitions, came to $1.96 per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.80 per share.
The bank holding company posted revenue of $512.9 million in the period. Its adjusted revenue was $320.7 million, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $299.6 million.
Axos Financial shares have climbed 22% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $66.49, a climb of 87% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AX at https://www.zacks.com/ap/AX
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